BENSALEM, Pa., April 9 /PRNewswire/ -- Law Offices of Howard G. Smith announces that it is investigating claims against Schering-Plough Corporation ("Schering-Plough" or the "Company")(NYSE: SGP) concerning whether the Schering-Plough Retirement Plan (the "Plan") imprudently invested in Schering-Plough stock and whether the Plan's administrators breached their fiduciary duties to the Plan's participants in violation of the Employee Retirement Income Security Act of 1974.
The investigation concerns whether Schering-Plough and other administrators of the Plan failed to prudently and loyally manage the Plan's investments in Schering-Plough Corp. stock by continuing to offer Company stock when the stock was no longer a prudent investment for participants' retirement savings.
If you are a current or former employee who participated in, or continues to participate in, the Schering-Plough Retirement Plan and have information or would like to learn more about these claims, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll-Free at (888) 638- 4847, or by email to howardsmithlaw@hotmail.com .
The investigation concerns whether Schering-Plough and other administrators of the Plan failed to prudently and loyally manage the Plan's investments in Schering-Plough Corp. stock by continuing to offer Company stock when the stock was no longer a prudent investment for participants' retirement savings.
If you are a current or former employee who participated in, or continues to participate in, the Schering-Plough Retirement Plan and have information or would like to learn more about these claims, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll-Free at (888) 638- 4847, or by email to howardsmithlaw@hotmail.com .
1 comment:
I tend to agree based on my personal expereince. A few years back I asked SGP to send me what my pension would be at retirement. They sent me aletter saying it would be over $ 700.00 Since then when the company made information available on the web current calculations show that my pension will only be $ 501.00. This looks very suspicious to me and could be the result of actions by the plan's investments in the company stock as you state. This could be a class action activity if moe people can be contacted. Any thoughts? - Ex employee who worked there for over 12 years! - AC
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